10 Sep 2025
💼General License 5S Released
Publication of Venezuela Sanctions Regulations Web General License 5S
Summary
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing a general license (GL) issued pursuant to the Venezuela Sanctions Regulations: GL 5S, which was previously made available on OFAC's website.
Agencies
- Treasury Department
- Foreign Assets Control Office
Business Impact
$$ - Med
The publication of General License 5S permits specific financial transactions related to Petróleos de Venezuela bonds that were previously prohibited, thus impacting businesses involved in international finance and trade with Venezuela. Compliance with the Venezuela Sanctions Regulations remains vital, creating regulatory implications for affected entities.